PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up
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Re: PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up
#2Amazon FPS fees are practically identical to Paypal.
Paypal Micropayments, $0.05 + 5% for transactions under $12 Amazon FPS, $0.05 + 5% for transactions under $10
Paypal Micropayments = Over $12, $0.30 + 2.9% Amazon FPS, over $10, $0.30 + 2.9%
I don't see any details from Paypal about debit transactions, but Amazon charges $0.05 + 2.0% for bank debits.
Re: PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up
#3It's worth noting that this is an either-or pricing: you either get the micropayments rate or the larger rate. Why they don't give you the cheaper option is beyond me...you're paying an arm and a leg to collect on anything larger than $12.
Also, their labs website doesn't work in Chrome: https://micropayments.paypal-labs.com/
Re: PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up
#4Phony announcement. I've been using this for almost a year now. I guess they are unveiling that they are now promoting micropayments. A year ago you could google micropayments, links right to their micropayments site, and then request that your paypal account be switched over to micropayments, with no hassles.
Re: PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up
#5Amazon FPS fees are practically identical to Paypal. Paypal Micropayments, $0.05 + 5% for transactions under $12 Amazon FPS, $0.05 + 5% for transactions under $10 Paypal Micropayments = Over $12, $0.30 + 2.9% Amazon FPS, over $10, $0.30 + 2.9% I don't see any details from Paypal about debit transactions, but Amazon charges $0.05 + 2.0% for bank debits.
Do they accept this for people not in the US yet?
Also, does Amazon switch rates automatically based on the transaction, or do they force you to pick an account as well?
Re: PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up
#6It's worth noting that this is an either-or pricing: you either get the micropayments rate or the larger rate. Why they don't give you the cheaper option is beyond me...you're paying an arm and a leg to collect on anything larger than $12. Also, their labs website doesn't work in Chrome: https://micropayments.paypal-labs.com/
Seriously, what a bunch of money-grubbing assholes. I don't know what they do about the one account limit, but this might very well be for forcing you to choose one or the other. Hopefully Amazon will do the sensible thing.
Re: PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up
#7It's worth noting that this is an either-or pricing: you either get the micropayments rate or the larger rate. Why they don't give you the cheaper option is beyond me...you're paying an arm and a leg to collect on anything larger than $12. Also, their labs website doesn't work in Chrome: https://micropayments.paypal-labs.com/
PayPal says it's cheaper for the seller above $12 to use the $.30 + 2.9% fee. You are skeptical, so let's do the math:
$12 x 2.9% = $0.348 + $.30 (flat fee) = $0.648 $12 x 5% = $0.6 + $0.05 (flat fee) = $0.65
The "larger rate" is actually cheaper above $12.
Amazon (whose fees are identical to Paypal except their magic number where you move between fee scales is $10) actually creates a "dead zone" above $10 and under $12 where you're charged at the higher rate which is more in processing fees than the lower rate would be.
Re: PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up
#8It's worth noting that this is an either-or pricing: you either get the micropayments rate or the larger rate. Why they don't give you the cheaper option is beyond me...you're paying an arm and a leg to collect on anything larger than $12. Also, their labs website doesn't work in Chrome: https://micropayments.paypal-labs.com/
PayPal says it's cheaper for the seller above $12 to use the $.30 + 2.9% fee. You are skeptical, so let's do the math: $12 x 2.9% = $0.348 + $.30 (flat fee) = $0.648 $12 x 5% = $0.6 + $0.05 (flat fee) = $0.65 The "larger rate" is actually cheaper above $12. Amazon (whose fees are identical to Paypal except their magic number where you move between fee scales is $10) actually creates a "dead zone" above $10 and under…
You misinterpreted what I said: Paypal is saying you can either have the 2.9% & $0.30 rate, or the 5% & $0.05 rate, applied to every transaction in your account. When I say that they should give you the cheaper rate, I mean whichever one costs less for that particular transaction. Right now they force you to choose one.
Re: PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up
#9Earlier quoted context omitted.
PayPal says it's cheaper for the seller above $12 to use the $.30 + 2.9% fee. You are skeptical, so let's do the math: $12 x 2.9% = $0.348 + $.30 (flat fee) = $0.648 $12 x 5% = $0.6 + $0.05 (flat fee) = $0.65 The "larger rate" is actually cheaper above $12. Amazon (whose fees are identical to Paypal except their magic number where you move between fee scales is $10) actually creates a "dead zone" above $10 and under…
You misinterpreted what I said: Paypal is saying you can either have the 2.9% & $0.30 rate, or the 5% & $0.05 rate, applied to every transaction in your account. When I say that they should give you the cheaper rate, I mean whichever one costs less for that particular transaction. Right now they force you to choose one.
I gotcha. Thanks for the clarification. I don't use Paypal, so I was just reading their site where I missed the key sentence, "Each PayPal account is associated with only one merchant processing rate."
That sucks. I think that makes Amazon a bit more attractive for micropayment processing.
Re: PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up
#10Amazon FPS fees are practically identical to Paypal. Paypal Micropayments, $0.05 + 5% for transactions under $12 Amazon FPS, $0.05 + 5% for transactions under $10 Paypal Micropayments = Over $12, $0.30 + 2.9% Amazon FPS, over $10, $0.30 + 2.9% I don't see any details from Paypal about debit transactions, but Amazon charges $0.05 + 2.0% for bank debits.
Do they accept this for people not in the US yet? Also, does Amazon switch rates automatically based on the transaction, or do they force you to pick an account as well?
Amazon does --- but it costs 1% more for transactions outside of the US.
Also, Amazon's rates automatically change based on the amount you are charging.
All of this info is here: http://aws.amazon.com/fps/pricing/